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i'm not in favor of a five trillion dollar tax cut that's not my plan my plan is not to put in place any tax cut that will add to the deficit that's point one so you may keep referring to it as a five trillion dollar tax cut but that's not my plan ok simple fact we take in about two trillion dollars a year in taxes as one point nine two last trillion dollars last year will be a little over two trillion this year inflation the economy grows over ten years as twenty trillion dollars right we're all with it and they are arithmetic here figure in place in a growing economy over a ten year period it's really going to be about twenty five trillion mitt romney wants to chop twenty percent off that was twenty percent to twenty five five how can mitt romney stand there and say to all of america i'm not in favor of a five trillion dollar tax cut when you just spent a year running around saying i want to twenty percent across the board tax cut all taxes that's five trillion dollars this math is indisputable when are you going to have to love the conservative defend mitt romney here because i re
i'm not in favor of a five trillion dollar tax cut that's not my plan my plan is not to put in place any tax cut that will add to the deficit that's point one so you may keep referring to it as a five trillion dollar tax cut but that's not my plan ok simple fact we take in about two trillion dollars a year in taxes as one point nine two last trillion dollars last year will be a little over two trillion this year inflation the economy grows over ten years as twenty trillion dollars right we're...
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yeah yeah i think he he was he was certainly enlarging the truth on his tax plans and on what he was saying about obamacare medicare he has got some explaining to do over the coming days and weeks because he this is one of the problems with romney that he does play fast and loose with the facts sometimes and it's got him in trouble before i think the question is how hard you are on him on these you know how how serious those mistakes are and whether you concentrate more on the style of barmah because that's what he's now got to make up rather than getting too wonky again to sort of pointy headed and academic but term sure there's got to be there's going to be some explaining and also you know the the big difference in. their present facts is that a farmer is still trying to help the less well off and romney is trying to help the better better off that fact needs to be delineated i don't know whether you would agree with that maybe used you all i don't run it as a weighted by romney's you know in his newfound affection for the no i think it's a very good point rachel do you want to ha
yeah yeah i think he he was he was certainly enlarging the truth on his tax plans and on what he was saying about obamacare medicare he has got some explaining to do over the coming days and weeks because he this is one of the problems with romney that he does play fast and loose with the facts sometimes and it's got him in trouble before i think the question is how hard you are on him on these you know how how serious those mistakes are and whether you concentrate more on the style of barmah...
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policy center explain that look these tax cuts no i'm serious i mean i didn't understand anybody had just me and i wasn't paying twenty percent go ahead well no no well i don't think he really understood the this is the thing or at least he hasn't shown that he does and this is what's confusing to a lot of people who are trying to understand all the bouncing ball and he's talking about basically a twenty percent federal task which he hopes to to make or says he will make revenue neutral by then closing some loopholes and deductions but the biggest deduction i can think of is is maybe mortgage credit and that sort of thing and i don't think you could ever come up with a number of mortgage credit actions that will make up for a twenty percent cut in revenue for the federal government so i think barack obama's trying to get at that equation you saying look the math doesn't work but the problem is that romney said it does you know read it talks about tax policy about like it was just like why don't you get this and the average person might be saying there is where mitt romney actually ha
policy center explain that look these tax cuts no i'm serious i mean i didn't understand anybody had just me and i wasn't paying twenty percent go ahead well no no well i don't think he really understood the this is the thing or at least he hasn't shown that he does and this is what's confusing to a lot of people who are trying to understand all the bouncing ball and he's talking about basically a twenty percent federal task which he hopes to to make or says he will make revenue neutral by then...
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Oct 4, 2012
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person and a lot of women don't go into the field of tax. so i think it's a whole bunch of issue that is you have to address. certainly we reaching back out and saying i made it so what can i do to help you? it's certainly part of that process. >> or just teaching women to be more aggressive, to be more self congratulatory as a lot of men are. these characteristics that young women just haven't learned yet how to bargain, how to push, how to show themselves, is that part of it? >> the other aspect of this dentate that there were a lot of men trying to justify the discrepancy because of the abilities. women were less skillful in terms of math and sciences and now we see that the problem is the bias of the people doing the hiring. >> including the women. behind the headlines: a new study on bpa - a plastic additive found in some food packaging and many consumer goods. this week researchers reported more compelling evidence that bpa can disrupt women's reproductive system, alter chromosomes and cause birth defects. earlier this year another stu
person and a lot of women don't go into the field of tax. so i think it's a whole bunch of issue that is you have to address. certainly we reaching back out and saying i made it so what can i do to help you? it's certainly part of that process. >> or just teaching women to be more aggressive, to be more self congratulatory as a lot of men are. these characteristics that young women just haven't learned yet how to bargain, how to push, how to show themselves, is that part of it? >>...
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well on the tax cut pointed particular i think rachel's point is an interesting one essentially agree with her that voters watching the debate in the moment are not going to be particularly fascinated by the minutiae of tax policy group but what i would say about the printer is that a lot of the time it's actually the post debate discussion that matters a lot and for maine public perceptions of these things and already today we're seeing the obama chair. again really driving hard at that precise point at the point that romney has not and fact really stipulated with great clarity how he will make this measure revenue neutral what loopholes he will close and i think those are the kind of things that the obama campaign is really frankly clinging on to you at the moment in an attempt to make this debate a little bit of an engine for their candidate than it first appeared to be you know david i think was very interesting is that even on the thing you know it's interesting is that the or obama said they wouldn't they wouldn't be beholden to the fact checkers you know do you think they're go
well on the tax cut pointed particular i think rachel's point is an interesting one essentially agree with her that voters watching the debate in the moment are not going to be particularly fascinated by the minutiae of tax policy group but what i would say about the printer is that a lot of the time it's actually the post debate discussion that matters a lot and for maine public perceptions of these things and already today we're seeing the obama chair. again really driving hard at that...
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i want to cut taxes, president obama wants to raise taxes. historically that has been a devastating argument. for the president and joe biden to talk about raising taxes when you have millions and millions of americans out of work, it does not seem to work, and everyone knows the actual tax hikes will do almost nothing for the deficit. so it is just kind of catnip for the left. let's raise taxes on the rich. class warfare. i don't think it is a successful economic strategy, and i'm not sure it will or politically either. gerri: interesting days. that is for sure. you will have you back to talk more. when we come back to be searching for a deal, but prescription drugs online presents a all new sets of problems. we will explain. an age-old question resurfacing. can women have it all? are we dissing mother had? this is going to be a panel. you will love it. it will be a lot of fun. ♪ ç gerri: the mill powerhouse giving birth to her first child. she took the helm. see is also making headlines for another reason. this story and others suggesti
i want to cut taxes, president obama wants to raise taxes. historically that has been a devastating argument. for the president and joe biden to talk about raising taxes when you have millions and millions of americans out of work, it does not seem to work, and everyone knows the actual tax hikes will do almost nothing for the deficit. so it is just kind of catnip for the left. let's raise taxes on the rich. class warfare. i don't think it is a successful economic strategy, and i'm not sure it...
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income taxes eliminating the alternative minimum tax eliminating the estate tax and other tax reductions would reduce federal revenue four hundred eighty billion dollars in two thousand and fifteen and romney up until last night had never disputed that that that that that number has been around forever tax policy center study is flawed it is going to sell for has been running a twenty percent cut in taxes is a five trillion dollars in taxes over ten you know first of all that's not a tax increase in the middle class if you're cutting taxes i want to understand and i'm asserting it is all the president it what i wondering is why is romney disavowing it richard why is what i mean disavowing his own or the magistrate. i don't understand why he does the bowing his tax plan with this joseph who mitt romney is going to do anything to win and this is that what that shows he's going to depart from all of his conservative policies now he's the moderate mitt romney and the next the bit i guess is going to be conservative again with the put the quote i mean you know be the liberal neurontin exactly
income taxes eliminating the alternative minimum tax eliminating the estate tax and other tax reductions would reduce federal revenue four hundred eighty billion dollars in two thousand and fifteen and romney up until last night had never disputed that that that that that number has been around forever tax policy center study is flawed it is going to sell for has been running a twenty percent cut in taxes is a five trillion dollars in taxes over ten you know first of all that's not a tax...
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i call it the economy tax. it has been crushing. >> the cand dates will meet again on october caneth for debate number two. and up first, the only vice-president debate between the respect and paul ryan. >> that's the one we all want to see. thank you so much. >> the president and mitt romney not veering from their messages and taking every chance they could to hit one another on the policies. >> i know that you and your running mate is saying that and it is popular thing to say but it is not the case. i got five boys and i am used to people saying something that is not always true but keeping on repeating it and hoping i will believe it. that's not the case. i will not reduce taxes paid by high income americans. >> the fact is, if you low are the rates the way you describe, governor, it is not possible to come up with enough deductions and loop holes that only affect high income individuals to avoid raising the deficit or burdening the middle class. it is math. it is arithmetic. >> don't forget you put 90 bill
i call it the economy tax. it has been crushing. >> the cand dates will meet again on october caneth for debate number two. and up first, the only vice-president debate between the respect and paul ryan. >> that's the one we all want to see. thank you so much. >> the president and mitt romney not veering from their messages and taking every chance they could to hit one another on the policies. >> i know that you and your running mate is saying that and it is popular...
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Oct 5, 2012
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it entirely with their tax deductions so we either have to increase taxes on the middle class or he would have to have his tax plan add to the deficit and he hasn't been willing to say where he compromised. >> rose: that's where the rubber meets the ground for him. >> though those are all totally legitimate critiques of governor romney's plan, but i think the governor romney is being held to kind of a double standard on these things. i mean, candidate obama opposed an individual mandate on healthcare and got into office and saw the realty reality of where the votes were and decided he was for an individual mandate. >> candidate obama won't tell us what he wants to do on social security and what his ideas are for a grand bargain with the republicans, so i think governor romney on this point, yes, if you take strictly what he said and what he hasn't said it is not clear how it adds up but i don't think there is any mystery that if he not elected his tax plan would be, would resellable this but there is a way to swear some of the inconsistencies and fill in some of the holes and maybe there
it entirely with their tax deductions so we either have to increase taxes on the middle class or he would have to have his tax plan add to the deficit and he hasn't been willing to say where he compromised. >> rose: that's where the rubber meets the ground for him. >> though those are all totally legitimate critiques of governor romney's plan, but i think the governor romney is being held to kind of a double standard on these things. i mean, candidate obama opposed an individual...
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tax rates. a shocking stat is out about millionaires getting paid unemployment. according to the congressional research service, nearly 2400 millionaires were paid unemployment in 2009. add to that another 954,000 households earning more than $100,000 also taking home unemployment benefits. the numbers include people who were hired for higher-paying jobs after receiving the government money. in 2011, the senate voted unanimously to end unemployment payments to jobless millionaires. however, it was attached to another bill which is yet to pass in the senate. a bailout for spain is "not imminent." that's according to the country's prime minister, who told reporters yesterday that plans to request a bailout are not set in stone. stocks reacted negitively yesterday on the news. many investors have expected spain to request bailout money in order to push down its high borrowing costs. moodys will release a review of the country's sovereign debt this month. some are predicting spain's rating could be
tax rates. a shocking stat is out about millionaires getting paid unemployment. according to the congressional research service, nearly 2400 millionaires were paid unemployment in 2009. add to that another 954,000 households earning more than $100,000 also taking home unemployment benefits. the numbers include people who were hired for higher-paying jobs after receiving the government money. in 2011, the senate voted unanimously to end unemployment payments to jobless millionaires. however, it...
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addressing romney's tax plan, obama said romney's effort to cut taxes for the wealthy would be to the gutting of essential government programs. box for 18 months he has been running on this tax plan. five weeks before the election, now he is saying his big, bold idea is, "never mind." the fact is, if you are lowering the rates the way you described, governor, then it is not possible to come up with enough deductions and loopholes that only affect high-income individuals to avoid either raising the deficit or burdening the middle class. it is math. >> mitt romney challenged obama's assertion that his tax plan would cost the country $five trillion in revenue, the knowledge to cut spending on government programs will drastically increasing funding for the military. in a jab that quickly exploded on twitter car romney told moderator jim lehrer he would cut funds to employer pbs, despite his love for certain sesame street character. >> i am sorry, jim, i'm going to stop the subsidy to pbs. i love big bird. i like you, too, but i am not one keep spending money on things to borrow money from
addressing romney's tax plan, obama said romney's effort to cut taxes for the wealthy would be to the gutting of essential government programs. box for 18 months he has been running on this tax plan. five weeks before the election, now he is saying his big, bold idea is, "never mind." the fact is, if you are lowering the rates the way you described, governor, then it is not possible to come up with enough deductions and loopholes that only affect high-income individuals to avoid...
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my my basic problem and we can get into the calculus of how many people don't pay taxes for whatever reason my basic problem for this is that if you look at people that are struggling in this country sometimes it's not an issue of unemployment sometimes it's an issue of over employment they might have to have five jobs to get by they might have back breaking work and that work is far more tough than the people sitting pretty in the top percentage of this country that is that can get out of taxes because they've got fancy attorneys that pay very little income tax let's suppose that are armed with and he would argue that the dependence on reliance is not a good thing we want to help people get off that he's not saying abandon those people and it's actually not anything about more people now he's not he doesn't want to abandon the thirty percent he's saying that seventy percent right now are for so they don't want the american pilot i'd like to like i want to tell us how you really think everybody wants to marry the american dream that anybody actually going to say i want to know i'm ha
my my basic problem and we can get into the calculus of how many people don't pay taxes for whatever reason my basic problem for this is that if you look at people that are struggling in this country sometimes it's not an issue of unemployment sometimes it's an issue of over employment they might have to have five jobs to get by they might have back breaking work and that work is far more tough than the people sitting pretty in the top percentage of this country that is that can get out of...
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president virtually all of the republican controlled states took that money and used it to pay for tax cuts for rich people average homeowners and most of the states saw another so when democrats proposed legislation to stop that prop practice and actually force them to use that money to really help all mothers the republicans blocked it in both the house and the senate because helping out of homeowners might have had a political benefit to president obama and we can't have. so here we are today wall street is doing better than ever and main street is still drowning in foreclosures problem is we didn't do it iceland and what ireland is about to do and that's helped the homeowners in fact that's exactly what franklin roosevelt did in one nine hundred thirty three to deal with a very similar housing crash to the one we're dealing with today during the housing bubble in the one nine hundred twenty s. banks handed out a bunch of three and five year mortgages to americans who were riding high on the bubble of the roaring twenty's but after the housing market collapsed forcing the nation int
president virtually all of the republican controlled states took that money and used it to pay for tax cuts for rich people average homeowners and most of the states saw another so when democrats proposed legislation to stop that prop practice and actually force them to use that money to really help all mothers the republicans blocked it in both the house and the senate because helping out of homeowners might have had a political benefit to president obama and we can't have. so here we are...
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i want to change tax a little bit and talk but mitt romney. he had an impressive delivery today on foreign policy. a big speech. here's what he had to say. >> the president is fond of saying that the tide of war is receding, and i want to believe him as much as anyone else. when we look at the middle east today with a run closer than ever to nuclear weapons capability, with the conflict and syria threatening to destabilize the region and with violent extremists on the march and with an american ambassador and three others dead, likely at the hans of terrorists. it is to the rest of conflict is higher now than when the president took office. gerri: does he have that rigt? >> i think he absolutely does. i have been waiting 25 years for the speech. romney david. he was channeling reagan, harkening back to the notion that america uses our economic power to influence events in the world. use our economic power as a weapon. shutting down their economy. using the american military, not to use it, but to have it there to prevent it have to be used for
i want to change tax a little bit and talk but mitt romney. he had an impressive delivery today on foreign policy. a big speech. here's what he had to say. >> the president is fond of saying that the tide of war is receding, and i want to believe him as much as anyone else. when we look at the middle east today with a run closer than ever to nuclear weapons capability, with the conflict and syria threatening to destabilize the region and with violent extremists on the march and with an...
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this is a tax in itself -- the economy tax. gasoline prices have doubled under the president, electric rates are up, food prices are up, health-care costs have gone up by $2,500 per family. the question is how to get them going again. it is energy and trade. the right kind of training programs. the president mentioned those ideas. education. it is key. it is the future of our economy. we have 47 training programs. they are reporting to eight agencies. we have to get those dollars back to the states and to the workers so they can create pathways into training they need for jobs that will help them. taxation. we should bring the tax rates down. for corporations and individuals. for us not to lose revenue, i lowered deductions and credits and intentions so we keep taking in the same money when you account for growth. energy is critical. the president pointed out that production of oil and gas in the u.s. is up but not due to his policies -- in spite of his policies. all of the increase in natural gas and oil has happened on privat
this is a tax in itself -- the economy tax. gasoline prices have doubled under the president, electric rates are up, food prices are up, health-care costs have gone up by $2,500 per family. the question is how to get them going again. it is energy and trade. the right kind of training programs. the president mentioned those ideas. education. it is key. it is the future of our economy. we have 47 training programs. they are reporting to eight agencies. we have to get those dollars back to the...
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Oct 9, 2012
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? 123-40-6789 she said she won and lost and now being sued. the mcdonald's employee who claim she won the lootery in maryland made coworkers mad. 14 are suing her for fraud. she was part of the office pool and believe she's hiding her jackpot winnings but the maryland lottery said guess what, she never won. the lottery officials say three school teachers won it. the mcdonald's employees claim wilson offered to pay the teachers a million bucks to claim the prize so she would not have to share it with them. >>> a horrible ending to what was supposed to have been a daring act. a man competed and won an insect-eating contest and died shortly after the competition ended. investigators say he was one of 30 people who competed last friday in deerfield beach, florida. he ate dozens of live cockroaches and worms and go
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? 123-40-6789 she said she won and lost and now being sued. the mcdonald's employee who claim she won the lootery in maryland made coworkers mad. 14 are suing her for fraud. she was part of the office pool and believe...
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we pay taxes. i pay taxes every year. we are supporting america. it was sad from president obama's perspective. host: where do you agree with the republicans? caller: i agree with the republicans with same-sex marriage and that we need to do more with our business. the way things look is really sad. host: next is a mitt romney supporter in pennsylvania, mark. do you think that romney has a chance in pennsylvania? caller: i think it is looking good for him. everybody is talking about the 47%. you are talking - the republicans got locked out and could not give their point of view on obamacare. now everybody is worried about what mitt romney said. i am totally flabbergasted over this. obama was talking about the tax cuts that they are given to companies overseas. koch -- he had four years to do something about it. you had the lady that was just on a little while ago and she was talking about -- i lost my train of thought. host: barber in missouri -- barbara in missouri -- host: with regard to the debate, marcie e-mails in -- host: a president obama su
we pay taxes. i pay taxes every year. we are supporting america. it was sad from president obama's perspective. host: where do you agree with the republicans? caller: i agree with the republicans with same-sex marriage and that we need to do more with our business. the way things look is really sad. host: next is a mitt romney supporter in pennsylvania, mark. do you think that romney has a chance in pennsylvania? caller: i think it is looking good for him. everybody is talking about the 47%....
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CNBC
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lowest corporate taxes or among the highest corporate taxes in america? >> i'm -- >> highest corporate taxes in america right now, right? >> highest corporate tax rate in the world right now. >> it's not that much higher than our competitors. in fact, it's lower than many competitors. stop talking about the rates. >> that's not true. >> we know it's mislead. it's effective tax burden on corporations, which is well in line with our european and asian competitors. >> isn't it true that small businesses, which of course as we all know are the real creators of jobs, will pay the ordinary income tax? if you're going to raise ordinary income tax on people making more than $200,000, that's going to hit small businesses and choke off that part of the job creation. >> that's right, maria. the top individual tax rate have a huge amount of small business income. if romney would cut the top individual rate from 35 to 25%, for example -- >> which would help small business. >> small businesses would be benefitted by that. >> bill, that's something john thain said, the
lowest corporate taxes or among the highest corporate taxes in america? >> i'm -- >> highest corporate taxes in america right now, right? >> highest corporate tax rate in the world right now. >> it's not that much higher than our competitors. in fact, it's lower than many competitors. stop talking about the rates. >> that's not true. >> we know it's mislead. it's effective tax burden on corporations, which is well in line with our european and asian...
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he's going to pre him from very specifics on your tax program and at you're goingo phase out as far as deductis are concerned, all ofhat. is the governor going to be able to parry, can he parry? can he thinkast enough on his feet to block inevitably at's going toom his way? >> hebsolutely can. if you reme debates with newt gingrich, speaker gingr chs migration policy. he was reallyoing after him about deporting grandmoer he areat response. we can't deport 11 milli grandmothers. there aren't 11illion grandmotrs that wre poing. so he can. can rort. whathe governo has goto do it's not about parrying, it's about going on offense. it's aut starting the debate on offense d finishing the debate on offee. >>ill: remember, though, because i' debated bak twice, i mean, he's not jimmy caer. agan was theem tate who destyed cart. obama is muc quicy a confrontaonal man, am i correct on thathe's not me. he not looking r the fight. heoesn't rish the debate. >> that's wh hapnedhe first obably 15 primary detes. he stayed t ou t fray and just sort ofave histhat's right. an let every ese beat each othe up
he's going to pre him from very specifics on your tax program and at you're goingo phase out as far as deductis are concerned, all ofhat. is the governor going to be able to parry, can he parry? can he thinkast enough on his feet to block inevitably at's going toom his way? >> hebsolutely can. if you reme debates with newt gingrich, speaker gingr chs migration policy. he was reallyoing after him about deporting grandmoer he areat response. we can't deport 11 milli grandmothers. there...
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Oct 6, 2012
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vo: why won't romney lev with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increasthe deficit to pay for it. if we can't trust him here... how could we ever trust him here? ♪ >>> i was wondering what dogs song we were going to pick for this story. loyalty is one of the reasons we love dogs. what this dog, whose named zander, tried to do was truly extraordinary. when zander's owner went to the hospital, he tracked him down. i was playing with zander. turns out, white shedding dogs and black suits, don't go so well. >> everybody in the studio is falling in love with zander this morning. good morning, america. i'm bianna golodryga, along with dan harris on this saturday, october 6th. >>> also this morning, the iconic game show, "the price is right," is doing something it's never done before. the show has been a favorite for decades. known as much for the models as the amazing prizes. you may be amazed seeing the newest face. >> i loved being sick on sick days watching "the price i
vo: why won't romney lev with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increasthe deficit to pay for it. if we can't trust him here... how could we ever trust him here? ♪ >>> i was wondering what dogs song we were going to pick for this story. loyalty is one of the reasons we love dogs. what this dog, whose named zander, tried to do was truly extraordinary. when zander's owner...
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Oct 4, 2012
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mitt romney said he would the no raise taxes to pay for his tax cuts. he said he was going to cut spending. even said that there would be a grade. he will not borrow money to pay for a program. he said he would cut pbs and big bird. he was very specific about what he would do. in certain places though romney questioned obama and obama just looked at him, when obama said basically you get a tax cut or a tax deduction for moving jobs overseas. mitt romney said i've been in business last 25 years, i don't know what you're talking about. basically obama was vague last night. but romney came with specifics. jon: cory, you described the debate as being sort of very specific and bordering on wonky but isn't that what people are looking for right now? aren't they looking for specifics and numbers and ideas here? >> i think you're absolutely right about that. always interesting to me tv commentators and others complain how debates and political discourse is boring and turning american people off whether this is exactly the time they should pay close attention. w
mitt romney said he would the no raise taxes to pay for his tax cuts. he said he was going to cut spending. even said that there would be a grade. he will not borrow money to pay for a program. he said he would cut pbs and big bird. he was very specific about what he would do. in certain places though romney questioned obama and obama just looked at him, when obama said basically you get a tax cut or a tax deduction for moving jobs overseas. mitt romney said i've been in business last 25 years,...
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Oct 2, 2012
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WBAL
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goes over the so-called fiscal cliff in january, it will cost almost 90% of americans more in taxes for a total of $536 billion. taxes for a typical middle income family making 40 to $64,000 a year could go up by $2,000. >>> in california, governor jerry brown signed a bill that would allow half a million young illegal immigrants who qualify for the federal work permit program to obtain driver's licenses. >>> near hong kong at least 36 people were killed when a boat filled with holiday party goers collidewide a ferry and sank. it is the deadliest accident there in years. >>> a house in clam mouth falls, oregon, that was sold this summer turned out to be a meth lab. it had toxic chemicals 80 times. the family who bought the foreclosed house from the government got sick and now has few options. >>> the white house is lit up in pink to mark october as breast cancer awareness month. new york's empire state building is also bathed in pink. and even buckingham palace in london has gone pink to support the breast cancer awareness campaign >>> and now here's an early look at how wall street's g
goes over the so-called fiscal cliff in january, it will cost almost 90% of americans more in taxes for a total of $536 billion. taxes for a typical middle income family making 40 to $64,000 a year could go up by $2,000. >>> in california, governor jerry brown signed a bill that would allow half a million young illegal immigrants who qualify for the federal work permit program to obtain driver's licenses. >>> near hong kong at least 36 people were killed when a boat filled...
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Oct 5, 2012
10/12
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CNNW
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, tax reforms on individual and corporate level. we need to take a look at things like education. interestingly, going back to the technology, we have a lot of americans out of work, but a lot of jobs in the technology field where we don't have enough skilled workers to fill them. maybe we need to look at education as well. >> read this quote from henry blodget, the business insider. here is what he said here. he said this is about our current system and philosophy. not sustainable. why not? they're creating a country of aful overlords and 300 million serfs, peasants. are you optimistic? will the middle class start rolling, bouncing back again? >> i'd like to say yes, i'm hopeful. but i think it really is going to -- i think this is going to take time and i think it is going to come down a lot to policies and regulations and what our tax structure looks like moving forward. i think it will come down to the political elections as well and what americans see for their future. >> morgan brennan, thank you. i'll go with you on the glass
, tax reforms on individual and corporate level. we need to take a look at things like education. interestingly, going back to the technology, we have a lot of americans out of work, but a lot of jobs in the technology field where we don't have enough skilled workers to fill them. maybe we need to look at education as well. >> read this quote from henry blodget, the business insider. here is what he said here. he said this is about our current system and philosophy. not sustainable. why...
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Oct 4, 2012
10/12
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more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? . >>> top 10 in e.r.a. and strikeouts today, the nats geo gonzalez was recognized as the best left-handed picture -- pitcher in baseball. next time, he'll take to sunday's game, one of the nlds against the cardinals or braves. yes, the nats have home field advantage after wednesday's win and that is a 2-3 form at, meaning the first two are on the road. yesterday, ryan zimmerman last the home crowd, 25 runs on the season for him and michael morris teed off as well for the team's 98th win and that is a 95-1 final. the orioles -- orioles game didn't go as well and that is because of what he needed to get out of the season and he hit two home runs and three yesterday. the top 4-1, meaning baltimore visits the tex
more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? . >>> top 10 in e.r.a. and strikeouts today, the nats geo gonzalez was recognized as the best left-handed picture -- pitcher in baseball. next time, he'll...
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Oct 4, 2012
10/12
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be a 20% tax cut? >> i'm going to lower rates across the board for all americans by 20%. i want a 20% across the board reduction in taxes. the individual marginal tax rate 20% across the board. the top rate, for instance, would go from 35 to 28, middle rates would come down by 20% as well, all rates come down. >> president obama was just as surprised. >> well, for 18 months he's been running on this tax plan. and now, five weeks before the election, he's saying that his big, bold idea is never mind. >> but the etch a sketching did not stop there. governor romney who once believed financial regulation was hurting the economy -- >> dodd frank it's called, has not helped enterprise get going, it's slowed it down. >> now seems to be a supporter of wall street regulation. >> want to repeal dodd/frank? >> and replace it. we're not going to get rid of regulation. some parts of dodd/frank that make all of the sense in the world. >> and back in june, romney mocked the president's crazy ideas about needing more
be a 20% tax cut? >> i'm going to lower rates across the board for all americans by 20%. i want a 20% across the board reduction in taxes. the individual marginal tax rate 20% across the board. the top rate, for instance, would go from 35 to 28, middle rates would come down by 20% as well, all rates come down. >> president obama was just as surprised. >> well, for 18 months he's been running on this tax plan. and now, five weeks before the election, he's saying that his big,...
WHUT (Howard University Television)
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Oct 3, 2012
10/12
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WHUT
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he pays 13% in taxes. he says the most important thing is to cut the tax rates at the top for the. it is mind-boggling that we have this kind of blatant candidacy. people are hurting, people are upset. that is why this weirdness even has a choice. but it would take as exactly in the wrong direction. president obama could have done more and would have done more if the republican opposition had not blocked the end of the bush era tax cuts for the rich, for example. so romney is in quite a position to be blaming president obama for that when it is exactly this side that has made the kind of recovery we need so fleeting and evanescent. we need a strong recovery, but the policies he is recommending would be the opposite of what would get us there. tavis: on the domestic front, he is hitting president obama offer not overseeing a more pronounced recovered. on the foreign-policy front, he is hitting him on a lack of resolve. i go to the second paragraph that i read, making the republican argument that this president lacks a result. when you do that, it invites all kinds of activity around
he pays 13% in taxes. he says the most important thing is to cut the tax rates at the top for the. it is mind-boggling that we have this kind of blatant candidacy. people are hurting, people are upset. that is why this weirdness even has a choice. but it would take as exactly in the wrong direction. president obama could have done more and would have done more if the republican opposition had not blocked the end of the bush era tax cuts for the rich, for example. so romney is in quite a...
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there are going to be tax cuts because mitt romney proposes to cut 20% off everybody's taxes across the board. >> not 5 trillion. >> but it adds up to 4.9 the ten years that the number the president was citing. that assumes no revenue coming from anywhere else. mitt romney says that is not the right assumption. if i cut taxes across the board and more money into piedmont acre pockets and spend more and have a lower tax rate and have more jobs and more own. >> stimulate the economy. >> and more money will come in. >> that is where the disagreement was. >> mitt romney does have some plans for cutting loopholes and some of these -- >> right. . he says we cut taxes and close loopholes and it becomes revenue neutral and president cited another studying saying you have to raise taxes on the middle class. that is why this becomes so hard to fact check one of these because they are both sort of saying things that are kind of true. >> let's switch to jobs. this doesn't have to do with the debate necessarily last night but it's critical. we have the big monthly jobs report tomorrow and we have so
there are going to be tax cuts because mitt romney proposes to cut 20% off everybody's taxes across the board. >> not 5 trillion. >> but it adds up to 4.9 the ten years that the number the president was citing. that assumes no revenue coming from anywhere else. mitt romney says that is not the right assumption. if i cut taxes across the board and more money into piedmont acre pockets and spend more and have a lower tax rate and have more jobs and more own. >> stimulate the...